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Corruption, Rent Seeking and Multiple Equilibria
We look at how corruption and rent seeking can trap economies in a low growth equilibrium based in part on "Why is Rent Seeking So Costly Growth" a paper by Murphy, Shleifer and Vishny.
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By Marginal Revolution UniversityWe look at how corruption and rent seeking can trap economies in a low growth equilibrium based in part on "Why is Rent Seeking So Costly Growth" a paper by Murphy, Shleifer and Vishny.